MSA Safety Incorporporated Stock Forecast
Red day on Friday for MSA Safety Incorporporated
(Updated on May 03, 2024)
The MSA Safety Incorporporated stock price fell by -0.750% on the last day (Friday, 3rd May 2024) from $185.32 to $183.93. During the last trading day the stock fluctuated 2.02% from a day low at $182.96 to a day high of $186.66. The price has risen in 6 of the last 10 days but is still down by -0.78% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -42 thousand shares and in total, 122 thousand shares were bought and sold for approximately $22.49 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $181.12 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 8.09% during the next 3 months and, with a 90% probability hold a price between $195.77 and $215.78 at the end of this 3-month period.
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MSA Signals & Forecast
There are few to no technical positive signals at the moment. The MSA Safety Incorporporated stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $185.43 and $188.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -5.58%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for MSA Safety Incorporporated stock
MSA Safety Incorporporated finds support from accumulated volume at $180.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $3.70 (2.02%) between high and low. For the last week, the stock has had daily average volatility of 3.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MSA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect MSA Safety Incorporporated to open at $184.52, and during the day (based on 14 day Average True Range), to move between $179.87 and $187.99, which gives a possible trading interval of +/-$4.06 (+/-2.21%) up or down from last closing price. If MSA Safety Incorporporated takes out the full calculated possible swing range there will be an estimated 4.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $185.91 (1.08%) than the support at $180.40 (1.92%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is MSA Safety Incorporporated stock A Buy?
The MSA Safety Incorporporated stock holds several negative signals and despite the positive trend, we believe MSA Safety Incorporporated will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.078 Sell Candidate Unchanged
Predicted Opening Price for MSA Safety Incorporporated of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $184.52 ( 0.319%) | $183.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 188.22 | 2.33 % | |
| R2 | 186.80 | 1.56 % | ||
| R1 | 185.93 | 1.09 % | ||
| Current price: | 183.93 | |||
| Support | S1 | 183.10 | -0.449 % | |
| S2 | 182.23 | -0.92 % | ||
| S3 | 180.82 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 188.04 | 2.23 % | |
| R2 | 187.28 | 1.82 % | ||
| R1 | 185.91 | 1.08 % | ||
| Current price | 183.93 | |||
| Support | S1 | 180.40 | -1.92% | |
| S2 | 177.94 | -3.26% | ||
| S3 | 169.62 | -7.78% |
MSA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 16, 2024 | Feb 14, 2024 | Mar 10, 2024 | $0.470 | 0.253% |
| 2 | Oct 27, 2023 | Nov 14, 2023 | Dec 10, 2023 | $0.470 | 0.275% |
| 3 | Aug 01, 2023 | Aug 15, 2023 | Sep 10, 2023 | $0.470 | 0.274% |
| 4 | May 02, 2023 | May 15, 2023 | Jun 10, 2023 | $0.470 | 0.305% |
| 5 | Feb 03, 2023 | Feb 13, 2023 | Mar 10, 2023 | $0.460 | 0.345% |
FAQ
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